Early Warning System
IFC-41721 DCM BAY Women Entrepreneur Bond Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Quick Facts
Countries Thailand Financial Institutions International Finance Corporation (IFC) Status Approved Bank Risk Rating FI Voting Date 2019-06-13 Borrower Bank of Ayudhya Public Company Limited Sectors Finance Ring Fence Small & Medium Enterprises Investment Type(s) Loan Investment Amount (USD) $ 150.00 million Project Cost (USD) $ 220.00 million
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Project Description
According to the bank website, "The proposed investment entails IFC anchor investment of up to US$150 million in a US$220 million privately-placed, senior, unsecured USD-denominated “Women Entrepreneurs Bonds” to be issued by Bank of Ayudhya Public Company Ltd. (“Krungsri” or the “Bank”) to finance the expansion of the Bank’s women-led small and medium enterprises (“WSME”) loan portfolio (the “Project”). The Project will support the Bank’s ongoing efforts to increase its lending portfolio to WSMEs, an important sector that drives economic growth and employment, and to promote resilient and sustainable growth and strengthen financial inclusion in Thailand. Krungsri is the fifth largest commercial bank in Thailand, in terms of total assets, with 11.4% market share of total banking sector assets (US$67 billion) as of December 2018. The Bank has a leading position in consumer lending and ranks #1 in retail and #5 in the SME and corporate loan segments. Krungsri is listed on the Stock Exchange of Thailand, with a market cap of US$9.4 billion as of July 31, 2019 and is recognized as a Domestic Systematically Important Bank by the Bank of Thailand. IFC has a multi-level partnership with the Bank and its subsidiaries in the East Asia and the Pacific region, notably Hattha Kaksekar Limited in Cambodia, as well as the Bank’s major shareholder - MUFG Bank, Ltd., the largest commercial bank in Japan (“MUFG Bank”)"
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Investment Description
International Finance Corporation (IFC) Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Bank of Ayudhya Public Company Limited (Financial Intermediary)
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Private Actors Description
According to IFC, Krungsri is a strategic subsidiary of MUFG Bank, formerly Bank of Tokyo-Mitsubishi UFJ, Ltd., which owned 76.88% of the Bank as of July 31, 2019. MUFG Bank is a multinational banking and financial services corporation based in Japan with consolidated total assets of US$2,904 billion as of June 2019. It became a shareholder in Krungsri in 2013. As a major shareholder and a strategic partner, MUFG Bank has provided a wide range of support such as product development, risk management, information technology, global network, and marketing to help strengthen Krungsri’s franchise and operations.
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Private Actor Private Actor Private Actor Private Actor Private Actor 1 1 Role 1 Sector Relation Private Actor 2 2 Role 2 Sector
ACS Parent Construction owns Dragados SA Client Construction Company
ACS Parent Construction owns Hochtief AG Client Construction Company
Akira Holding Foundation Parent Agriculture and owns Louis Dreyfus Co Asia Pte Client Agriculture and Company Forestry Ltd Forestry
Akira Holding Foundation Parent Agriculture and owns Louis Dreyfus Co Brasil SA Client Agriculture and Company Forestry Forestry
Alliance Global Group Inc Parent Agriculture and owns Emperador International Ltd Client Agriculture and Company Forestry Forestry
Amadeus IT Holding SA Parent Communications owns AMADEUS IT GROUP SA Client Communications Company
Amkor Technology Inc Parent Communications owns Amkor Technology Japan KK Client Communications Company
Amkor Technology Inc Parent Communications owns J-Devices Corp Client Communications Company
ASM International NV Parent Construction owns ASM Pacific Technology Ltd Client Construction Company
Aso Corp Parent Construction owns Nittoc Constr Co Ltd Client Construction Company
Ati Invest Parent Llp Parent Construction owns Array Technologies Inc Client Construction Company
Bacardi & Co Ltd Parent Agriculture and owns Bacardi Ltd Client Agriculture and Company Forestry Forestry
Bain Capital LP Parent Communications owns Toshiba Memory Corp Client Communications Company
Broadcom Inc Parent Communications owns Broadcom Corp Client Communications Company
BSA International SA Parent Agriculture and owns Groupe Lactalis SA Client Agriculture and Company Forestry Forestry
BSA SAS Parent Agriculture and owns Groupe Lactalis SA Client Agriculture and Company Forestry Forestry
Bunge Ltd Parent Agriculture and owns Bunge Finance Europe Client Agriculture and Company Forestry Forestry
Cardinal Health Inc Parent Communications owns naviHealth Inc Client Communications Company
Carlsberg A/S Parent Agriculture and owns Carlsberg Breweries A/S Client Agriculture and Company Forestry Forestry
CHUBU Electric Power Co Parent Construction owns Toenec Corp Client Construction Inc Company
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Private Actor Private Actor Private Actor Private Actor Private Actor 1 1 Role 1 Sector Relation Private Actor 2 2 Role 2 Sector
CNH Industrial NV Parent Construction owns CNH Global NV Client Construction Company
Co-operative Bulk Handling Parent Agriculture and owns CBH Grain Pty Ltd Client Agriculture and Ltd Company Forestry Forestry
COFCO Corp Parent Agriculture and owns COFCO (Hong Kong) Ltd Client Agriculture and Company Forestry Forestry
Cosan Ltd Parent Agriculture and owns Usina da Barra SA(Grupo Client Agriculture and Company Forestry Cosan) Forestry
Dell Technologies Inc Parent Communications owns Dell Finl Svcs Pty Ltd Client Communications Company
ECOM Agroindustrial Corp Parent Agriculture and owns ECOM Agroindustrial Asia Ltd Client Agriculture and Ltd Company Forestry Forestry
Farmers Co-operative Dairy Parent Agriculture and owns Agropur Cooperative Client Agriculture and Company Forestry Forestry
First Solar Inc Parent Communications owns Cal Flats Solar InvestCo LLC Client Communications Company
FKS Group Parent Agriculture and owns FKS Food & Agro Pte Ltd Client Agriculture and Company Forestry Forestry
Fortress Investment Group Parent Construction owns Interpool Inc Client Construction LLC Company
Francisco Partners Mgmt Lp Parent Communications owns Ichor Systems Inc Client Communications Company
Gardner Denver Holdings Inc Parent Construction owns Gardner Denver Inc Client Construction Company
Garfield Weston Foundation Parent Agriculture and owns Associated British Foods PLC Client Agriculture and Company Forestry Forestry
GDC Transition Co Parent Construction owns Guardian Industries Corp Client Construction Company
GI Partners LLP Parent Communications owns Peak 10 Inc Client Communications Company
Grupo Argos SA Parent Construction owns Argos N America Corp Client Construction Company
Hitachi Ltd Parent Communications owns Clarion Co Ltd Client Communications Company
Hitachi Ltd Parent Construction owns Hitachi Construction Client Construction Company Machinery
HNA Technology Co Ltd Parent Communications owns Ingram Micro Inc Client Communications Company
Honeywell International Inc Parent Construction owns Honeywell Intl Inc-Homes & Client Construction Company
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Private Actor Private Actor Private Actor Private Actor Private Actor 1 1 Role 1 Sector Relation Private Actor 2 2 Role 2 Sector
Imperial Brands PLC Parent Agriculture and owns Imperial Brands Finance PLC Client Agriculture and Company Forestry Forestry
Infrared Capital Partners Ltd Parent Construction owns HS1 (High-Speed Rail) Asts Client Construction Company
Ingersoll Rand Inc Parent Construction owns Gardner Denver Inc Client Construction Company
Ingersoll-Rand PLC Parent Construction owns Ingersoll-Rand Glbl Hldgs Co Client Construction Company
Inmobiliaria Carso SA de CV Parent Construction owns FCC Client Construction Company
JAB Holding Co Sarl Parent Agriculture and owns Jde Peets Bv Client Agriculture and Company Forestry Forestry
Janus Henderson Group PLC Parent Construction owns John Laing PLC Client Construction Company
Japan Tobacco Inc Parent Agriculture and owns Japan Tobacco International Client Agriculture and Company Forestry SA Forestry
Jardine Matheson Holdings Parent Agriculture and owns Astra Agro Lestari Tbk PT Client Agriculture and Ltd Company Forestry Forestry
Jardine Matheson Holdings Parent Construction owns United Tractors Tbk PT Client Construction Ltd Company
Kendall-Jackson Wines Parent Agriculture and owns Jackson Family Wines Inc Client Agriculture and Company Forestry Forestry
Kingboard Chem Hldg Ltd Parent Agriculture and owns Kingboard Laminates Hldg Ltd Client Agriculture and (Now Company Forestry Forestry
KKR & Co LP Parent Communications owns Pioneer DJ Corp Client Communications Company
Kobe Steel Ltd Parent Construction owns Chengdu Kobelco Cons Finl Client Construction Company Ltd
Kobe Steel Ltd Parent Construction owns Chengdu Kobelco Constr Client Construction Company Group
L'Arche Green NV Parent Agriculture and owns Heineken International BV Client Agriculture and Company Forestry Forestry
Limagrain SCA Parent Agriculture and owns VILMORIN & CIE SA Client Agriculture and Company Forestry Forestry
Lincoln Electric Holdings Inc Parent Communications owns Vizient LLC Client Communications Company
Lotte Holdings Co Ltd Parent Agriculture and owns Lotte Co Ltd Client Agriculture and Company Forestry Forestry
Maple Holdings BV Parent Agriculture and owns Keurig Dr Pepper Inc Client Agriculture and Company Forestry Forestry
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Private Actor Private Actor Private Actor Private Actor Private Actor 1 1 Role 1 Sector Relation Private Actor 2 2 Role 2 Sector
Marubeni Corp Parent Agriculture and owns Helena Chemical Client Agriculture and Company Forestry Forestry
Metcash Ltd Parent Agriculture and owns Metcash Trading Ltd Client Agriculture and Company Forestry Forestry
Ministry of Finance Parent Agriculture and owns Olam International Ltd Client Agriculture and Singapore Company Forestry Forestry
Miyaji Engineering Group Inc Parent Construction owns Miyaji Engineering Co Ltd Client Construction Company
Mondelez International Inc Parent Agriculture and owns Mondelez Intl Hldg Client Agriculture and Company Forestry Netherlands Forestry
NEC Corp Parent Communications owns Japan Aviation Electronics Ind Client Communications Company
Nichiha Corp Parent Construction owns Chuo KK Client Construction Company
Nippon Sheet Glass Co Ltd Parent Construction owns NSG UK Enterprises Ltd Client Construction Company
Nisshinbo Holdings Inc Parent Communications owns New Japan Radio Co Ltd Client Communications Company
NutriAsia Inc Parent Agriculture and owns Del Monte Foods Inc Client Agriculture and Company Forestry Forestry
NutriAsia Inc Parent Agriculture and owns Del Monte Pacific Ltd Client Agriculture and Company Forestry Forestry
Onex Corp Parent Communications owns Celestica Inc Client Communications Company
Oriental Consultants Hldg Parent Construction owns Oriental Consultants Co Ltd Client Construction Co Company
PQ Group Holdings Inc Parent Construction owns Potters Industries LLC Client Construction Company
Quintiles Ims Holdings Inc Parent Communications owns IMS Health Inc Client Communications Company
Reggeborgh BV Parent Construction owns VolkerWessel Client Construction Company
Rgm Intl Parent Agriculture and owns April Intl Entrp Pte Ltd Client Agriculture and Company Forestry Forestry
RWE AG Parent Construction owns Triton Knoll Offshore Wind Client Construction Company
Sabre Corp Parent Communications owns Sabre Holdings Corp Client Communications Company
Singha Corp Co Ltd Parent Agriculture and owns Boon Rawd Trading Co Ltd Client Agriculture and Company Forestry Forestry
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Private Actor Private Actor Private Actor Private Actor Private Actor 1 1 Role 1 Sector Relation Private Actor 2 2 Role 2 Sector
SKY Group Holdings Parent Agriculture and owns Kakuyasu Co Ltd Client Agriculture and Company Forestry Forestry
SKY Group Holdings Parent Agriculture and owns Kakuyasu Group Co Ltd Client Agriculture and Company Forestry Forestry
SouthWorth Capital Parent Communications owns OnlineTechStores.com Inc Client Communications Management Company
SPIE SA SPV Parent Construction owns Spie SA Client Construction Company
Suzano Papel e Celulose SA Parent Agriculture and owns Suzano Pulp & Paper Europe Client Agriculture and Company Forestry SA Forestry
TIAA Parent Construction owns John Laing PLC Client Construction Company
Top Frontier Holdings Inc Parent Agriculture and owns San Miguel Corp Client Agriculture and Company Forestry Forestry
Trac Intermodal Corp Parent Construction owns Interpool Inc Client Construction Company
United Arab Emirates Parent Communications owns Globalfoundries Inc Client Communications Company
United Arab Emirates Parent Communications owns GLOBALFOUNDRIES Client Communications Company Singapore
Vista Eq Partners Mgmt LLC Parent Communications owns Consona Corp Client Communications Company
Voith GmbH Parent Agriculture and owns Voith Paper China Co Ltd Client Agriculture and Company Forestry Forestry
Votorantim SA Parent Construction owns Votorantim Cimentos SA Client Construction Company
VST Holdings Ltd Parent Communications owns Ecs (Shanghai) Mgmt Co Ltd Client Communications Company
WH Group Ltd Parent Agriculture and owns Smithfield Foods Inc Client Agriculture and Company Forestry Forestry
Woodbridge Co Ltd Parent Communications owns Refinitiv Client Communications Company
Yamada Consulting Group Co Parent Agriculture and owns Vox Trading Co Ltd Client Agriculture and Ltd Company Forestry Forestry
Yinson Holdings Bhd Parent Construction owns Yinson Prodn (W Africa) Pte Client Construction Company
Yoshimoto Parent Communications owns Unipulse Corp Client Communications Company
Zuivelcooperatie Parent Agriculture and owns FrieslandCampina Client Agriculture and Company Forestry Investments Forestry
Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond
Contact Information
Bank of Ayudhya Public Company Ltd. Duangkhae Khunviseadpong Senior vice president head of department +66 (0) 2296 5307 [email protected] 1222 Rama III Road, Bang Phongphang, Yan Nawa, Bangkok 10120 Thailand https://www.krungsri.com/bank/en/Contact/CU/ContactUs.html
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at [email protected]. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/
Early Warning System https://ews.rightsindevelopment.org/ [email protected]